Redcliffe Exploration Inc.
TSX VENTURE : RXP.A
TSX VENTURE : RXP.B

Redcliffe Exploration Inc.

December 18, 2008 17:30 ET

Redcliffe Announces Stock Option Grant

CALGARY, ALBERTA--(Marketwire - Dec. 18, 2008) -

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS.

Redcliffe Exploration Inc. ("Redcliffe" or the "Company") (TSX VENTURE:RXP.A) (TSX VENTURE:RXP.B) announces that, pursuant to the policies of the TSX Venture Exchange and the Company's stock option plan, the Board of Directors of Redcliffe has approved the grant of stock options to certain directors, officers, employees and consultants of the Company to acquire an aggregate of 2,145,000 Class A shares for a period of five years. One-third of the options have an exercise price of $0.25, another third have an exercise price of $0.30, and the final third have an exercise price of $0.35. Of the aggregate options granted, 1,575,000 were to directors and officers.

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Forward-Looking Statements: This news release contains statements about future events that are forward looking in nature and, as a result, are subject to certain risks and uncertainties such as changes in plans or the occurrence of unexpected events. Actual results may differ from the estimates provided by management.

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Contact Information

  • Redcliffe Exploration Inc.
    Daryl H. Connolly
    President & CEO
    (403) 539-8440
    (403) 539-8433 (FAX)
    Email: dconnolly@redcliffe.ca
    or
    Redcliffe Exploration Inc.
    George Gramatke
    Vice President, Finance & CFO
    (403) 539-8442
    (403) 539-8433 (FAX)
    Email: ggramatke@redcliffe.ca